openPR Logo
Press release

North America Leads the Orthopedic Orthotics Market Owing to the Early Market Initiation and High Cost of Devices

01-24-2017 06:29 AM CET | Health & Medicine

Press release from: TMR

North America Leads the Orthopedic Orthotics Market Owing to

Orthotics is a medical field that deals with designing and construction of orthoses which is an external support to modify, control or immobilize movement. Orthoses assist in correction of muscle and joint by restriction and alignment of bones. Orthopedic orthoses are prescribed in case of deformity due to accidents, trauma, osteoarthritis, birth defects or sports injury.

Request a PDF Brochure with Report Analysis: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=13313

Orthoses can be prefabricated or customized for appropriate fitting. Orthoses devices are usually made from plastic or graphite as they offer appropriate flexibility while restricting abnormal movement. Neoprene is also used widely in soft braces and provides comfort and easy application to the patient.

For minor deformities and injuries especially during sports and injury, soft braces and usually recommended. Orthopedic orthoses are available for various anatomies such as wrist, hand, elbow, spine, knee, ankle, and foot.

Technological advances such as computer assisted design (CAD) and 3D printing have increased trend for personalized orthoses. Being customized these devices deliver better results as compared to pre-fabricated, as these devices may not provide proper immobilization. With changing customer preferences due to increasing disposable income, and awareness of available medical services, the market for customized orthoses is increasing rapidly. Increasing trend for physical fitness in baby boomers has increased hospital visits for muscle pain and other skeletal muscular problems.

Sports activities in school also have given rise to injuries among teenagers. According to a survey conducted by Safe Kids Worldwide in 2013, common sports related injuries among teenagers include ankle which accounts for 15% of the injuries, while head and fingers account for 14% and 12% respectively. The report also details that girls are almost 8 times more susceptible to anterior cruciate ligament (ACL) injury as compared to boys. Ligament injuries are most in sports where quick and extreme movements are required such as basketball, soccer, and tennis; while fractures are common in extreme sports. Incidences of Achilles tendon rupture, tennis elbow, and micro fractures are also common in sports.

These increased incidences in sports injuries contribute majorly to the orthopedic orthoses market. International Osteoporosis Foundation suggests that over 200 million individuals globally suffer from osteoporosis. In another data published by Osteoporosis Canada, more than 80% of all fractures in people above 50 years of age are caused by osteoporosis. Thus increased prevalence of osteoporosis is also adding to patient pool for application of orthopedic orthoses. Although aforementioned factors are expected to drive the market lower reimbursement rates are restricting the market growth.

North America leads the orthopedic orthotics market owing to the early market initiation and high cost of devices. The market in Asia Pacific region although accounts for a smaller share, is expected to grow at a faster rate as compared to North America and Europe, where India, China and Japan are the major contributors. Major reason are India and China having the highest population densities in the world, while Japan being the second largest medical devices market next to the U.S.. Developing economies and acceptance of latest technology has boosted the market growth in these countries. Higher incidences of road accidents in India will contribute majorly to the orthopedic orthotics market.

Browse Full Research Report: http://www.transparencymarketresearch.com/orthopedic-orthotics-market.html

Some of the major players in the orthopedic orthotics market include DJO Global, Ossur, Fillauer, Breg, Thuasne Basko Healthcare, and Allard International. Various local players also exist which provide customized orthopedic orthoses using CAD and 3D printing technologies.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Contact Us

Transparency Market Research
State Tower,
90 State Street, Suite 700
Albany, NY 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release North America Leads the Orthopedic Orthotics Market Owing to the Early Market Initiation and High Cost of Devices here

News-ID: 419675 • Views:

More Releases from TMR

Emerging Opportunities in Logistics Market with Current Trends Analysis
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027. The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031. The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,

All 5 Releases


More Releases for Orthopedic

Orthopedic Power Tools: A Leading Driver Behind Rising Prevalence Of Orthopedic …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations. What Will the Orthopedic Power Tools Industry Market Size Be by 2025? There has been a robust expansion in the market size of orthopedic power tools in the past few years. The market value is predicted to escalate from $1.39 billion in 2024 to $1.48 billion in 2025, progressing at a compound annual growth
Cranial Molding Helmet Market | Ballert Orthopedic, Becker Orthopedic, BioSculpt …
The global cranial molding helmet market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the cranial molding helmet market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants. From the perspective of market dynamics, this report explores the factors driving the growth
Cranial Remolding Orthoses Market | Ballert Orthopedic, Becker Orthopedic, BioSc …
The global cranial remolding orthoses market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the cranial remolding orthoses market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants. From the perspective of market dynamics, this report explores the factors driving the growth
Orthopedic Bracing and Support Devices Market - Enhancing Lives, Empowering Reco …
Newark, New Castle, USA: The "Orthopedic Bracing and Support Devices Market" provides a value chain analysis of revenue for the anticipated period from 2022 to 2030. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors Orthopedic Bracing and Support Devices Market: https://www.growthplusreports.com/report/orthopedic-bracing-and-support-devices-market/7841 This latest report
Orthopedic Devices Market - Restoring Mobility, Restoring Life: Orthopedic Devic …
Newark, New Castle, USA: The "Orthopedic Devices Market" provides a value chain analysis of revenue for the anticipated period from 2021 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors Orthopedic Devices Market: https://www.growthplusreports.com/report/orthopedic-devices-market/7687 This latest report researches the industry structure, sales, revenue,
Veterinary Orthopedic Implants Market - Pioneering Mobility for Pets with Orthop …
Newark, New Castle, USA - new report, titled Veterinary Orthopedic Implants Market The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Veterinary Orthopedic Implants market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global Veterinary Orthopedic Implants market. The report offers an overview of